City Paper Owner Files for Bankruptcy. City Paper Blog. How is it that City Paper’s new owners, Creative Loafing, can be in bankruptcy one year after buying City Paper? Most subprime mortgage holders hold on for a least two years before they file. The City Paper has produced some outstanding journalism over its many years. Hopefully, this bankruptcy will create a new path to independence. Chains are killing newspapers around the country. Analysis at Vox Populi

This entry was posted on Tuesday, September 30th, 2008 at 12:01 am and is filed under DC Blogs Noted.
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